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Sankyo-Parke-Davis to sell GelTex drug in US

Executive Summary

In an effort to boost its US presence, Sankyo licensed exclusive marketing rights here to GelTex's (developing polymer-based drugs that bind and eliminate targeted substances in the intestines) Welchol (colesevelam hydrochloride), a cholesterol-lowering drug awaiting FDA approval. It also optioned worldwide rights to a second-generation version of the drug that GelTex says is twice as potent, GT102-279, which is in Phase II trials.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Alliance
    • R&D and Marketing (Licensing)

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